v3.25.2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 138	$ 868
Accounts receivable	86	43
Prepaid expenses	173	159
Equity receivable	0	1,350
Total current assets	397	2,420
Note Receivable	250	0
Interest Receivable	36	0
Right of use asset	53	86
Security deposit	87	86
Intangible assets, net of accumulated amortization	2,930	3,410
Goodwill	1,161	1,161
Capitalized software development, net of accumulated amortization	1,572	1,823
TOTAL ASSETS	6,486	8,986
Current liabilities
Accounts payable	1,921	1,853
Accrued liabilities	1,365	1,519
Notes payable	250
Convertible notes payable, net of discount of $57	303	0
Right of use liability	52	68
Total current liabilities	3,891	3,440
Long-term liabilities
Right of use liability, net of current portion	0	18
Notes payable, net of current portion	60	61
Total long-term liabilities	60	79
TOTAL LIABILITIES	3,951	3,519
Commitments and contingencies (Note 7)
Stockholders’ equity
Series A preferred stock; $0.001 par value; 100,000 shares authorized; 14 shares issued and outstanding at June 30, 2025 and December 31, 2024	0	0
Common stock, $0.001 par value; 105,263,158 shares authorized; 33,988,934 and 33,278,934 issued and outstanding at June 30, 2025 and December 31, 2024, respectively	34	33
Additional paid-in capital	175,699	174,131
Accumulated deficit	(173,198)	(168,697)
Total stockholders’ equity	2,535	5,467
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 6,486	$ 8,986

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

AppTech Payments Corp. 10-Q